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Stock Market & Financial Investment News

News Breaks
August 15, 2014
16:02 EDTESSEssex Property Trust acquires two apartment communities for $208.8M
Essex Property Trust announced the company has purchased two apartment communities for purchase prices totaling $208.8M. Apex Apartments, a 366 unit community located in Milpitas, CA, was purchased for $150M. The property was completed and fully stabilized in 2014. Amenities include a saltwater pool and spa, a fitness center, an outdoor entertainment area with multiple fire pits and BBQs, a movie theater, a Wi-Fi lounge and billiards room, and a demonstration kitchen. Apex is located about one mile from high paying jobs in North San Jose and is near a VTA Rail Station and the Milpitas BART station that is under construction. The property is unencumbered. Avalon Bellevue Park Apartments, a 220 unit community located in Bellevue, WA, was acquired for $58.8M. The property was constructed in 1994 and is located in downtown Bellevue, near employers, shopping, dining, and entertainment options. The company has assumed an existing $21.5M loan with an interest rate of 5.5%. The loan matures in June 2019.
News For ESS From The Last 14 Days
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July 23, 2015
10:00 EDTESSOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: ARRIS (ARRS) initiated with a Buy at Drexel Hamilton... AVG Technologies (AVG) initiated with an Overweight at JPMorgan... Aaron's (AAN) initiated with a Hold at Cantor... Aimco (AIV) initiated with a Hold at Canaccord... American Campus (ACC) initiated with a Hold at Canaccord... Antero Midstream (AM) initiated with a Buy at DA Davidson... Cheniere Energy Partners LP (CQP) initiated with a Buy at DA Davidson... CommScope (COMM) initiated with a Buy at Drexel Hamilton... Digirad Corp (DRAD) initiated with a Buy at B. Riley... Dominion Midstream (DM) initiated with a Buy at DA Davidson... Education Realty (EDR) initiated with a Buy at Canaccord... Enterprise Products (EPD) initiated with a Buy at DA Davidson... Essex Property Trust (ESS) initiated with a Hold at Canaccord... Extra Space Storage (EXR) initiated with an Outperform at Baird... Harmonic (HLIT) initiated with a Hold at Drexel Hamilton... Imprimis (IMMY) initiated with a Buy at Sterne Agee CRT... National Retail Properties (NNN) initiated with a Neutral at DA Davidson... Nutrisystem (NTRI) initiated with a Buy at Lake Street... PLC Systems Inc (PLC) initiated with a Buy at Sterne Agee CRT... PayPal (PYPL) initiated with a Neutral at UBS... Preferred Apartment (APTS) initiated with a Buy at Canaccord... Public Storage (PSA) initiated with a Neutral at Baird... Realty Income (O) initiated with a Neutral at DA Davidson... RingCentral (RNG) initiated with an Overweight at JPMorgan... SeaChange (SEAC) initiated with a Hold at Drexel Hamilton... Sovran Self Storage (SSS) initiated with an Outperform at Baird... Spectra Energy Partners (SEP) initiated with a Buy at DA Davidson... U-Store It Trust (YSI) initiated with an Outperform at Baird... Whitestone REIT (WSR) initiated with an Outperform at Baird... eBay (EBAY) initiated with an Equal Weight at Morgan Stanley.
06:43 EDTESSEssex Property Trust initiated with a Hold at Canaccord
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July 21, 2015
10:01 EDTESSOn The Fly: Analyst Initiation Summary
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July 20, 2015
16:22 EDTESSEssex Property Trust initiated with a Neutral at SunTrust
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July 17, 2015
10:05 EDTESSOn The Fly: Analyst Upgrade Summary
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07:20 EDTESSEssex Property Trust upgraded to Market Perform from Underperform at Raymond James

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